How graph technology is helping Asian businesses combat fraud

Cybercrime is a major issue in Southeast Asia where 25% of respondents experienced an increased risk in cybercrime as a result of COVID-19. The UN Office on Drugs and Crime has noted a 600% rise in cybercrimes in the region. A report by AppsFlyer found that Southeast Asia’s losses accounted for 40% of the total estimated fraud losses in Asia-Pacific, totalling US$650 million. Meanwhile, bot attacks are one of the leading methods of fraud, with Singapore suffering the second highest prevalence after Vietnam.

One such solution, which investigators are increasingly adopting, is graph data science.

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